Month end trade provides active day in cotton market
29 Sep '07
2 min read
This should lead to another test of the lows on Monday with the next major support line near 63.50. However, even though the technical picture looks negative and the fundamentals are very bearish based on the lack of demand, e still need cooperation from outside commodity markets to have a successful correction.
Next week will be critical in determining if the over enthusiastic fund buyers are willing to let the markets drift lower or will defend them further.
marketing@alchempro.com
